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  #27 (permalink)

Wroclaw, Poland
Trading Experience: Beginner
Platform: MT4
Broker/Data: Oanda
Favorite Futures: Forex
Jaffels's Avatar
Posts: 43 since Mar 2011
Thanks: 78 given, 35 received

Euro Short

I shorted the Euro at 1.38624 on 15 Sep. Attached is a 1 hour chart. I trade the 1 hour, 4 hour and daily time frames on a micro account until I can't get the hang of Forex. I only trade Forex the London session as well, as i found that is where the volume is most of the time.

Currently my target is set at 1.3500 and stop is at breakeven. So trying to swing this one.

My reasoning behind the trade from a technical perspective was a break of S&R (red lines) and entered on the pull back back at S&R with the inside bar on lower volume as my entry trigger. From a sentiment perspective majority of retail traders was and still is long according to the data provided by FXCM and OANDA.

So let's see where it goes in the nest few days.

Sorry if my chart is not very view able as this is my first time posting a chart.

Attached Thumbnails
EURUSD 6E Euro-euro-short.gif  
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